Genting Oil ready to carry on Kasuri block exploration
Monday, January 30 2012 - 01:06 AM WIB
By Godang Sitompul
Upstream authority BPMIGAS said Malaysia's Genting Oil & Gas Limited is ready to resume conducting exploration activities at its Kasuri Block in West Papua after holding a meeting with BPMIGAS.
The company halted exploration earlier, claiming that it was prohibited by BP Indonesia to conduct 3D seismic activities near the Tangguh LNG project. BP later on refuted Genting's claim prompting BPMIGAS to summon the two contractors to clarify the matter.
?Genting has submitted a report that it will resume explorations and 3D seismic activities in Kasuri Block. The company is now preparing to drill the Kasuri-3 exploration well,? said BPMIGAS Deputy for Operation Rudi Rubiandini told Petromindo.com at his office.
Rudi said Genting Oil is currently focusing on drilling the onshore areas of the Kasuri Block. After the drilling is completed, the company would prepare certification for oil and gas reserves at the block.
Rudi said he has asked Genting Oil to propose a plan to process its gas production at BP Tangguh?s LNG plant. Such scheme of joint usage of facility has been adopted by oil and gas contractors in the Makassar Strait.
Genting Oil is conducting 3D seismic survey on 200-km2 (surface footprint) at its Kasuri PSC block, West Papua. Genting has 100 percent stake in the block, which was awarded in 2008. Genting operates the Kasuri block through its unit, Genting Oil Kasuri Pte Ltd.
BP is the operator of the Tangguh field, holding a 37.16 percent stake in the project. Other partners are MI Berau B.V. (16.3 percent), China-based CNOOC (13.9 percent), Nippon Oil Exploration (Berau)(12.23 percent), KG Berau/KG Wiriagar (10 percent), LNG Japan Corporation (7.35 percent) and Australia-based Talisman (3.06 percent).
Editing by Roffie Kurniawan